Bridging Loans
These are short-term financial advances, usually from a bank, to help with
transitional arrangements during a move of house. Most commonly this will be a
loan towards the 10% deposit when all your capital is tied into the house you
are selling, but the need may also arise if you are both buying and selling and
the two transactions do not coincide. Banks dislike open-ended
bridging without some form of guarantee of repayment, but there are several other
schemes designed to help get over the problems. If you are in this position, please
do ask for our specific advice.
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